2026-07-01T15:49:36-05:00 2025-08-31 202253063 TANNER LLP 36 S STATE STREET SUITE 600 SALT LAKE CITY UT 84111 990 2024-09-01 510202349 WATERFORD INSTITUTE INC WATE 8015764900 4246 SOUTH RIVERBOAT ROAD 150 TAYLORSVILLE UT 84123 JORGE FERNANDEZ CFO 8015764900 2026-06-23 1 0 MARC A METCALF P00170461 8015327444 2026-06-23 2024 2025-03-06 01:10:19Z 4246 SOUTH RIVERBOAT ROAD 150 TAYLORSVILLE UT 84123 48299857 0 X N/A X 1976 UT WATERFORD PROVIDES PRE-K THROUGH 2ND-GRADE READING, MATH, AND SCIENCE PROGRAMS THAT CHILDREN CAN USE WHEREVER THEY LEARN. 7 7 296 0 0 0 6494367 6239848 38137533 41141896 1543571 908219 21258 9894 46196729 48299857 0 0 0 0 39390997 33682795 0 0 375106 19970782 15919531 59361779 49602326 -13165050 -1302469 52688300 42686168 39698643 31107244 12989657 11578924 WATERFORD PROVIDES PRE-K THROUGH 2ND-GRADE READING, MATH, AND SCIENCE PROGRAMS THAT CHILDREN CAN USE WHEREVER THEY LEARN. OUR PROGRAMS HELP CHILDREN REACH CRITICAL MILESTONES BY THE 3RD GRADE, LAYING THE FOUNDATION FOR THEIR FUTURE SUCCESS. 0 0 43645255 41151790 WATERFORD SUPPORTS NEARLY 200,000 CHILDREN PRE-K - 2ND GRADE ANNUALLY THROUGH ITS HOME-BASED AND PLACE-BASED PROGRAMS (UPSTART AND WATERFORD EARLY LEARNING) THAT TEACH STUDENTS FOUNDATIONAL EARLY LEARNING SKILLS IN READING, MATH, AND SCIENCE. WATERFORD HAS STRONG EVIDENCE OF THE IMPACT OF ITS PROGRAMS ON CHILDREN'S LEARNING OUTCOMES WHEN IMPLEMENTED WITH FIDELITY, AS DEMONSTRATED VIA MULTIPLE ESSA TIER 1 RESEARCH STUDIES USING WATERFORD PROGRAMS. ON AVERAGE, STUDENTS ADVANCE A FULL YEAR OR MORE BEYOND EXPECTED GROWTH, AND THOSE GAINS CONTINUE TO BENEFIT THEM IN THE LONG TERM. 43645255 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 34 0 296 1 0 1 RO 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 UT NY X WATERFORD INSTITUTE - JORGE FERNANDEZ 8013492200 4246 SOUTH RIVERBOAT ROAD SUITE 150 TAYLORSVILLE UT 84123 DAVID MYERS CEO CHIEF EXECUTIVE OFFICER 40.00 X 428662 0 12597 SHERI BLACK VICE PRESIDENT OF SCHOOL RELATIONS 40.00 X 358079 0 24627 MICHAEL HIGHT CHIEF TECHNOLOGY OFFICER 40.00 X 327224 0 37915 JODI SOHRT DIRECTOR OF SCHOOL RELATIONS 40.00 X 312500 0 33166 SCOTT WOOD SVP OF TECHNOLOGY 40.00 X 311726 0 37177 THOMAS NESS CHIEF FINANCIAL OFFICER 40.00 X 289332 0 35493 CLAUDIA MINER EXECUTIVE DIRECTOR & CO-FO 40.00 X 283189 0 18436 EDWARD HEUSTON EXECUTIVE DIRECTOR & CO-FO 40.00 X 280423 0 30382 MATT HILL CEO CHIEF EXECUTIVE OFFICER 40.00 X 261521 0 25422 CLARK BEAL SVP SCHOOL RELATIONS 40.00 X 259995 0 32851 REBECCA KELLEY CHIEF OF ADVOCACY AND COMM 40.00 X 244543 0 12257 KATHY LANDON CHIEF OPERATING OFFICER 40.00 X 224156 0 10771 JENNI TORRES EXECUTIVE VP & CHIEF ACADE 40.00 X 220332 0 7353 VICKIE ROSS VICE PRESIDENT OF SOLUTIONS CONSULTING 40.00 X 220326 0 18576 JAMES LUND SENIOR VICE PRESIDENT - UTAH UPSTART 40.00 X 219224 0 30972 LORI PUGH CHIEF PEOPLE OFFICER 40.00 X 218331 0 18415 MATTHEW ORLINS SENIOR VICE PRESIDENT- GOVERNMENT RELATIONS 40.00 X 215573 0 10704 LEAH WALKER EVP, EQUITY AND INCLUSION 40.00 X 215361 0 32510 KERNARD JONES SENIOR VICE PRESIDENT- GOVERNMENT RELATIONS 40.00 X 213158 0 23465 ERNEST BLACKWELL BOARD CHAIR 2.00 X 0 0 0 ALLISON GUSHEE MOLKENTHIN BOARD MEMBER 5.00 X 0 0 0 WAYNE YSAGUIRRE BOARD MEMBER 2.00 X 0 0 0 STEPHANIE MONROE BOARD MEMBER 2.00 X 0 0 0 MATT GRIMES BOARD MEMBER 2.00 X 0 0 0 JACK RYAN BOARD MEMBER 2.00 X 0 0 0 CHRIS LEE BOARD MEMBER 2.00 X 0 0 0 5103655 0 453089 86 1 1 0 SOMBRA SOFTWARE INC 2093 PHILADELPHIA PIKE 1758 CLAYTON DE 19703 SOFTWARE DEVELOPERS 1437742 DESIGNEDENEGAGEMENT 900 E PECAN STREET STE 300 - PMB 2 PFLUGERVILLE TX 78660 PARTICIPANT RECRUITMENT 802598 AMERICAN INSTITUTES FOR RESEARCH PO BOX 29126 NEW YORK NY 100878126 EXTERNAL EVALUATOR FOR THE EIR2 GRANT 419200 BELLWETHER EDUCATION PARTNERS INC 68 HARRISON AVENUE SUITE 605 PMB 7 BOSTON MA 021111929 BUSINESS STRATEGY CONSULTING 168000 OFFOR WALKER GROUP LLC 9169 W STATE ST 2200 GARDEN CITY ID 837141733 EXECUTIVE RECRUITMENT 142776 5 3408500 2831348 6239848 GOVT AGENCY FEES 41141631 41141631 INSTITUTE CONTRACT & OTHER 265 265 41141896 908219 908219 OTHER INCOME 9894 9894 9894 48299857 41151790 0 908219 5285058 4651973 593221 39864 22955600 20205802 2576648 173150 3548650 3123565 398318 26767 1893487 1666671 212534 14282 103621 91208 11631 782 232432 204590 26089 1753 1476052 1476052 3561671 3042470 486508 32693 961006 845889 107868 7249 4721256 4155707 529937 35612 545515 480169 61231 4115 1416416 1246747 158985 10684 2332 2052 262 18 360291 317132 40441 2718 152976 134651 17171 1154 CONTRACT SERVICES 1528246 1345181 171538 11527 POSTAGE 396930 349383 44553 2994 PRINTING 197061 173456 22119 1486 SUPPLIES 91619 80644 10284 691 172107 51913 112627 7567 49602326 43645255 5581965 375106 1 17982745 26940734 891893 2371483 24047796 6163779 990380 174919 2295115 1153627 2242964 1140246 1352951 1102718 5127420 4778907 52688300 42686168 5257901 2866515 33803365 28240729 637377 0 39698643 31107244 X 12985060 9514240 4597 2064684 12989657 11578924 52688300 42686168 -1302469 -108264 0 X 0 1 X 1 1 1 X 58044668 58993765 72039325 44653158 43983111 277714027 58044668 58993765 72039325 44653158 43983111 277714027 17486580 260227447 35933 34423 1493332 1543571 908219 4015478 281729505 0.92370 0.93520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 0 0 1 500000 1 0 0 500000 0 PART II-B, LINE 1: THE WATERFORD INSTITUTE LOBBIES TO INFORM AND EDUCATE LEGISLATORS ON PROGRAMS AND PRACTICES THAT MAY ENHANCE THE EDUCATION OF STUDENTS. 1476728 556569 920159 766236 583677 182559 1102718 X 48191593 -108264 -108264 48299857 0 48299857 49730252 1369716 1369716 48360536 1241791 1241791 49602327 PART X, LINE 2: MANAGEMENT OF WATERFORD BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE INCOME TAX POSITIONS TAKEN AND TO BE TAKEN ON ITS TAX RETURN. A LIABILITY FOR UNCERTAIN TAX POSITIONS INITIALLY NEEDS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROJECT UPSTART ACTIVITY REPORTED ON SEPARATE RETURN 1,369,716. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY EXPENSES INCURRED 1,241,791. EUROPE (INCLUDING ICELAND AND GREENLAND) (ROMANIA) 1 44 PROGRAM SERVICES SOFTWARE DEVELOPMENT AND TESTING FOR WATERFORD INSTITUTE, INC. 3886884 1 44 0 0 1 44 3886884 0 3886884 0 0 0 0 1 0 X X X X X 0 0 0 1 0 0 0 0 0 DAVID MYERS CEO CHIEF EXECUTIVE OFFICER 428662 0 0 0 0 0 7309 0 5288 0 441259 0 0 0 SHERI BLACK VICE PRESIDENT OF SCHOOL RELATIONS 264559 0 93520 0 0 0 9092 0 15535 0 382706 0 0 0 MICHAEL HIGHT CHIEF TECHNOLOGY OFFICER 218330 0 108894 0 0 0 16600 0 21315 0 365139 0 0 0 JODI SOHRT DIRECTOR OF SCHOOL RELATIONS 232809 0 79691 0 0 0 11851 0 21315 0 345666 0 0 0 SCOTT WOOD SVP OF TECHNOLOGY 208081 0 103645 0 0 0 15862 0 21315 0 348903 0 0 0 THOMAS NESS CHIEF FINANCIAL OFFICER 289332 0 0 0 0 0 14343 0 21150 0 324825 0 0 0 CLAUDIA MINER EXECUTIVE DIRECTOR & CO-FO 283189 0 0 0 0 0 12415 0 6021 0 301625 0 0 0 EDWARD HEUSTON EXECUTIVE DIRECTOR & CO-FO 280423 0 0 0 0 0 14519 0 15863 0 310805 0 0 0 MATT HILL CEO CHIEF EXECUTIVE OFFICER 261521 0 0 0 0 0 12988 0 12434 0 286943 0 0 0 CLARK BEAL SVP SCHOOL RELATIONS 159118 0 100877 0 0 0 11536 0 21315 0 292846 0 0 0 REBECCA KELLEY CHIEF OF ADVOCACY AND COMM 244543 0 0 0 0 0 12257 0 0 0 256800 0 0 0 KATHY LANDON CHIEF OPERATING OFFICER 224156 0 0 0 0 0 10771 0 0 0 234927 0 0 0 JENNI TORRES EXECUTIVE VP & CHIEF ACADE 205332 0 15000 0 0 0 7353 0 0 0 227685 0 0 0 VICKIE ROSS VICE PRESIDENT OF SOLUTIONS CONSULTI 220326 0 0 0 0 0 6277 0 12299 0 238902 0 0 0 JAMES LUND SENIOR VICE PRESIDENT - UTAH UPSTART 188252 0 30972 0 0 0 9657 0 21315 0 250196 0 0 0 LORI PUGH CHIEF PEOPLE OFFICER 218331 0 0 0 0 0 11189 0 7226 0 236746 0 0 0 MATTHEW ORLINS SENIOR VICE PRESIDENT- GOVERNMENT RE 215573 0 0 0 0 0 10704 0 0 0 226277 0 0 0 LEAH WALKER EVP, EQUITY AND INCLUSION 215361 0 0 0 0 0 11195 0 21315 0 247871 0 0 0 KERNARD JONES SENIOR VICE PRESIDENT- GOVERNMENT RE 213158 0 0 0 0 0 2150 0 21315 0 236623 0 0 0 PART I, LINE 5 WATERFORD PROVIDES A VARIABLE COMPENSATION PROGRAM TO CERTAIN EMPLOYEES IN SCHOOL RELATIONS WHICH PROVIDES INCENTIVE COMMISSION PAYMENTS BASED ON SALES MADE TO SCHOOL DISTRICTS. WATERFORD PROVIDES A BONUS TO ALL EMPLOYEES THAT ARE NOT ELIGIBLE FOR A VARIABLE COMPENSATION PROGRAM. THIS BONUS IS PAID IF THE ORGANIZATION MEETS TOTAL ORGANIZATION GOALS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX FIRM ENGAGED BY THE WATERFORD INSTITUTE AND THE WATERFORD INSTITUTE FINANCE TEAM WORK TOGETHER TO GATHER THE INFORMATION NECESSARY TO COMPLETE THE FORM 990. THE TAX FIRM PREPARES AN INITIAL DRAFT FORM 990, WHICH IS REVIEWED BY MANAGEMENT AS WELL AS THE BOARD OF TRUSTEES. ANY RECOMMENDED CHANGES AND COMMENTS ARE CONSIDERED AND THE FORM 990 IS UPDATED WITH A FINAL COPY DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO THE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WE REQUEST BOARD MEMBERS TO DISCLOSE ANY CONFLICTS AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 PERIODICALLY, AN INDEPENDENT COMPENSATION REVIEW TAKES PLACE FOR DAVID ANDREW MYERS AND BENJAMIN HEUSTON. THIS WAS LAST COMPLETED BY SULLIVANCOTTER FOR FISCAL YEAR END 8/31/2020. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. WATERFORD RESEARCH INSTITUTE LLC 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 SOFTWARE DEVELOPMENT UT 808323 43642100 WATERFORD INSTITUTE INC WATERFORD RESEARCH SRL 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 SOFTWARE DEVELOPMENT RO -358372 1600069 WATERFORD INSTITUTE INC WATERFORD HOLDINGS LLC 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 HOLDING COMPANY UT WATERFORD INSTITUTE INC PROJECT UPSTART INC 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 842864795 LOBBYING UT 501(C)(4) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PROJECT UPSTART INC B 1241791 CASH PROJECT UPSTART INC R 20650 CASH